ADA/BTC is currently attempting to break out of this accumulation zone it has been in for about 2 weeks. Most alts are getting smashed due to strength of Bitcoin dominance and the overall market environment. However, ADA/BTC has reclaimed the 10/20 day moving averages, which are momentum moving averages, so in the short term we could see further upside momentum. It is worth noting it is still in a potent downtrend overall, and Bitcoin can regain dominance fairly easily as it has the last few months and invalidate the setup. High risk per usual.
MA Guide (All Daily for this post):
10 MA in Orange.
20 MA in Purple.
50 MA in Green.
100 MA in Yellow.
200 MA in Red.
200 EMA in Blue.
Entry: 465-495
Target 1: 50 day MA in Green.
SL: below the 10/20 day MA's, or below the bottom of the accumulation range. Depends on your risk tolerance and R/R profile.
I also just opened my own free telegram channel for those interested (I post my thoughts on the market in there frequently): t.me/joinchat/AAAAAFInF0WGGqFKra...
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
-As a side note, if you would like to support a college kid and the TA I do, I accept BTC/ETH/LTC/USDC donations. Any and all donations are greatly appreciated and really do help me out! Thank you to all you who donate. :)
BTC: 3F13946JWfNskLDu2oi3FTRV65FV9yK7U8
ETH: 0xe032430f158966F4118af917b5F1e024949697bB
LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj
USDC: 0x1F6d47a9330897d6043886d64738A2E255dd0b92
MA Guide (All Daily for this post):
10 MA in Orange.
20 MA in Purple.
50 MA in Green.
100 MA in Yellow.
200 MA in Red.
200 EMA in Blue.
Entry: 465-495
Target 1: 50 day MA in Green.
SL: below the 10/20 day MA's, or below the bottom of the accumulation range. Depends on your risk tolerance and R/R profile.
I also just opened my own free telegram channel for those interested (I post my thoughts on the market in there frequently): t.me/joinchat/AAAAAFInF0WGGqFKra...
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
-As a side note, if you would like to support a college kid and the TA I do, I accept BTC/ETH/LTC/USDC donations. Any and all donations are greatly appreciated and really do help me out! Thank you to all you who donate. :)
BTC: 3F13946JWfNskLDu2oi3FTRV65FV9yK7U8
ETH: 0xe032430f158966F4118af917b5F1e024949697bB
LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj
USDC: 0x1F6d47a9330897d6043886d64738A2E255dd0b92
Note
Moving up nicely so far: Note
Still holding this range: Trade closed manually
Closing as Bitcoin is running the show again in terms of dominance.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.